R Stanton Dodge Sells 52,777 Shares of DraftKings (NASDAQ:DKNG) Stock

DraftKings Inc. (NASDAQ:DKNG) insider R Stanton Dodge sold 52,777 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $32.01, for a total value of $1,689,391.77. Following the sale, the insider owned 500,000 shares of the company’s stock, valued at $16,005,000. The trade was a 9.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

R Stanton Dodge also recently made the following trade(s):

• On Monday, December 1st, R Stanton Dodge sold 52,777 shares of DraftKings stock. The shares were sold at an average price of $33.84, for a total value of $1,785,973.68.
• On Thursday, November 6th, R Stanton Dodge sold 52,777 shares of DraftKings stock. The stock was sold at an average price of $29.00, for a total transaction of $1,530,533.00.

DraftKings Stock Performance

DKNG stock opened at $29.97 on Friday. The firm has a 50 day simple moving average of $33.55 and a 200 day simple moving average of $37.98. DraftKings Inc. has a 52 week low of $26.23 and a 52 week high of $53.61. The stock has a market cap of $14.92 billion, a P/E ratio of -52.58, a P/E/G ratio of 0.64 and a beta of 1.63. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.09 and a current ratio of 1.10.

DraftKings (NASDAQ:DKNG) last released its quarterly earnings data on Friday, November 7th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.27). The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.40 billion. DraftKings had a negative net margin of 4.90% and a negative return on equity of 22.84%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.60) EPS. Research analysts anticipate that DraftKings Inc. will post 0.64 earnings per share for the current fiscal year.

Key DraftKings News

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Benchmark reaffirmed a Buy and left its $37 price target unchanged, signaling an ~18% near‑term upside vs. current levels and providing buy‑side support despite regional softness. Why Benchmark Is Staying Bullish
• Positive Sentiment: Bull case from independent research argues new prediction‑market features aren’t a material competitive threat, cites improving hold, margins and user metrics, and models DKNG at a higher forward multiple — a constructive fundamental view for longer‑term holders. Are Prediction Markets Really A Threat To DraftKings?
• Positive Sentiment: MarketBeat highlights the Super Bowl as a near‑term revenue catalyst (higher betting volume/parlay mix), which could drive a quick rebound if sports outcomes normalize. The Super Bowl Catalyst
• Neutral Sentiment: Media/TV commentary (Jim Cramer) reiterates state expansion (Texas, California, Florida) as the strategic upside requirement — keeps regulatory rollout on investors’ radars but doesn’t change near‑term fundamentals. Jim Cramer on DraftKings
• Neutral Sentiment: Analyst coverage is mixed: some price‑target cuts and some upgrades, leaving consensus in the “moderate buy” range but with wide dispersion — increases headline volatility. Analysts Offer Insights
• Negative Sentiment: Insider selling — R. Stanton Dodge sold 52,777 shares (~$1.69M at ~$32.01) on Jan. 20; the repeated, sizable disposals may add short‑term selling pressure and raise sentiment concerns despite his remaining stake. Insider Selling: DraftKings Insider Sells 52,777 Shares
• Negative Sentiment: Underlying headwinds — recent quarterly revenue and EPS misses, trading below the 200‑day moving average, and elevated leverage/margin risk keep the stock vulnerable to further downside on weak near‑term results or event outcomes. MarketWatch: Stock Falls

Institutional Investors Weigh In On DraftKings

A number of large investors have recently added to or reduced their stakes in the stock. Dagco Inc. bought a new position in shares of DraftKings in the fourth quarter valued at approximately $26,000. Ameriflex Group Inc. raised its holdings in DraftKings by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 810 shares of the company’s stock worth $30,000 after acquiring an additional 405 shares during the period. Root Financial Partners LLC bought a new position in DraftKings in the 3rd quarter worth $33,000. TD Private Client Wealth LLC lifted its position in DraftKings by 54.4% during the 2nd quarter. TD Private Client Wealth LLC now owns 800 shares of the company’s stock worth $34,000 after acquiring an additional 282 shares during the last quarter. Finally, Asset Dedication LLC bought a new stake in DraftKings during the third quarter valued at about $37,000. Institutional investors own 37.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on DKNG shares. JPMorgan Chase & Co. lowered their target price on DraftKings from $51.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Berenberg Bank set a $43.00 price target on DraftKings and gave the company a “buy” rating in a research note on Thursday, October 9th. BMO Capital Markets dropped their price objective on DraftKings from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Tuesday, November 4th. Wall Street Zen lowered shares of DraftKings from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Truist Financial decreased their target price on shares of DraftKings from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Twenty-four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.10.

About DraftKings

DraftKings Inc is a leading digital sports entertainment and gaming company specializing in daily fantasy sports, sports betting and iGaming products. The company provides an integrated platform where users can participate in daily fantasy contests, place wagers on professional sports events, and enjoy a range of online casino-style games. DraftKings’ proprietary technology supports real-time odds, live scoring and advanced analytics to enhance the user experience across mobile and desktop applications.

Founded in 2012 by co-founders Jason Robins, Matthew Kalish and Paul Liberman, DraftKings began as a daily fantasy sports provider and rapidly expanded into regulated sports betting following legislative changes in the United States.